JSC UKTMK (Kazakhstan) looks for brokerage firm - market maker of the combine's shares

/KASE, March 30, 00/ - Ust'-Kamenogorsk titanium- magnesium combine (Kazakhstan) has addressed to the Kazakhstan stock exchange (KASE) with the request to inform the Exchange's members of "Р" category (right of participation in trades in non-state securities of the official list of Exchange) about desire of the combine's management to find a brokerage firm, which will work as a market maker of the UKTMK shares (official list KASE, category "A", trade codes UTMK, UTMKp). The decision of the emitter is accepted in connection with acted since March 17, 2000 rule about obligatory availability of market maker of any securities included in the official list KASE under "A" category. The request is stated in the item #2 of the article #4 "Listing Securities Rules", approved by the decree of the National Securities Commission of Kazakhstan (NSC) from October 26, 1999, #462. Now five market makers work at KASE: - JSC Bank TuranAlem (US dollar market maker), - JSC KAZKOMMERTSBANK (specialist of the own bonds KKGBb), - Closed JSC State Pension Fund (AVMEKAM market maker), - Ltd TuranAlem Securities (specialist of common registered stocks of JSC Bank TuranAlem), - Ltd KIB ASSET MANAGEMENT Ltd (market maker of common registered stock CCBN). The market makers' activity on KASE is regulated by the internal normative document of Exchange "Rules of market makers activity", which is approved by KASE on October 14, 1999 and by the NSC board's decree #462 from October 26, 1999 The market maker on KASE has some responsibilities, which should promote the tool's liquidity. At the same time, the market maker has some rights and privileges on the KASE's commission fee. The specialist is a market maker variety, which works under the more strict obligations concerning quotations spread and market stability. The market maker applications should be sent to the emitter by fax: (3232) 337450, 330240.